This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

10 Low P/E Semiconductor Stocks With Upside

7. TriQuint Semiconductor supplies modules, components and foundry services to communications companies. The company offers different radio frequency (RF) and other intermediate frequency products that address three markets: handsets, networks and military systems.

For fourth quarter of 2010, net revenue was $253.4 million, up 31.1% from $193.3 million in the year-ago quarter. Gross margin stood at 37.4%, up 160 basis points year-over-year, while operating margin increased 520 basis points to 14.7%. Subsequently, net income surged to $42.5 million or 25 cents per share from $17.5 million or 11 cents per share.

Full year 2010 revenue surged 34.3% to reach an all-time record $878.7 million, largely driven by the upsurge in revenue from the mobile devices market due to higher WCDMA and WLAN product revenue. Revenue from network products increased too, because of higher sales volume across all its markets. Overall, total revenue has more than doubled from 2006 levels, thereby elevating net income to $190.8 million or $1.17 per share, compared to $16.2 million or 11 cents per share in 2009. The company had a strong cash balance of $192.5 million, up 86% year-over-year.

As of Dec. 2010, the order backlog was $266.1 million compared to $125.2 million a year ago. During Dec. 2010, Samsung selected TriQuint's complete 3G RF front-end solution for its Samsung Galaxy Tab and its flagship smartphone series Galaxy S.

Going forward, the company expects first quarter 2011 revenue in the range of $215-$225 million, representing 22% year-over-year growth. Net income is estimated between 14-16 cents per share. Moreover, full-year revenue is forecast to grow by 20%.

Of the 12 analysts covering the stock, 58% recommend a buy and the remaining ratea hold. There are no sell ratings on the stock. On average, analysts estimate 34.6% upside to $16.30 in value from current levels. The stock gained 66.1% during the past one year and is currently trading at a P/E of 9.8

5 of 11

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,001.22 -38.27 -0.22%
S&P 500 1,988.41 -3.96 -0.20%
NASDAQ 4,538.5510 +6.4470 0.14%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs